U.S. Sanctions Crypto Platform Tornado Cash, Says It Laundered Billions



The U.S. Treasury Department imposed sanctions on a major cryptocurrency platform, accusing it of laundering billions of dollars in virtual currency, including $455 million allegedly stolen by North Korean hackers.

Monday’s action against Tornado Cash, a so-called mixer platform that enables users to exchange cryptocurrencies with relative anonymity, is another salvo by the Biden administration against the burgeoning blockchain financial markets. Regulators, lawmakers and law-enforcement officials say that some cryptocurrency platforms afford users anonymity that enables them to launder criminal proceeds, finance terrorism, or engage in public corruption.

You May Also Like

Greek Orthodox church at World Trade Center reopens at last

NEW YORK – More than two decades after a tiny Greek Orthodox…

Could switching banks help pay for your Christmas? 

More than 118,000 bank users switched account in October via the official…

How Strep A can affect adults from flesh eating disease to Toxic Shock complications

Adults can catch the same illnesses linked to Strep A bacteria as…

Parents And Their 12-Year-Old Girl Identified In Florida Gulf Plane Crash

The victims in Saturday night’s plane crash in the Gulf of Mexico…

Morocco vs Spain – World Cup 2022: Live score, team news and updates

LIVE Morocco 0-0 Spain LIVE: Can Hakim Ziyech and Co pull off…

Jacksonville police seeking armed robbery suspect

JACKSONVILLE, Fla. — The Jacksonville Sheriff’s Office is seeking a man they…

North Augusta woman wanted in Florida hit-and-run arrested

BROWARD COUNTY, Fl. (WJBF) – The North Augusta woman who was wanted…

Nancy Grace: If We Can Isolate Who Was The Target, That Will Go A Long Way In Helping Us Find The Suspect

Watch the latest video at foxnews.com ‘Crime Stories’ host Nancy Grace joined…

DCPS Superintendent Dr. Diana Greene explains decision to cut ties with JASMYN

JACKSONVILLE, Fla. – During a meeting of the Duval County School Board…

*** Election Night Livewire *** Georgia Showdown Between Walker, Warnock to Settle Balance of Power in Senate

Sen. Raphael Warnock (D-GA) faces GOP challenger Herschel Walker in the final…

Moroccan fans celebrate in London, Madrid, Barcelona and Turin

Moroccan fans have taken to the streets across Europe after their team…

Jackknifed semi closes lanes on I-75 South in Brandon

TAMPA, Fla. (WFLA)— A jackknifed semi is affecting traffic on Interstate 75…